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Firestone gets $1.3 billion

TOKYO — Bridgestone/Firestone Inc., the U.S. unit of Japan’s Bridgestone Corp., will get of $1.3 billion from its parent.

The injection will boost Fire-stone’s capital to $1.5 billion in January, from about $200 million at year end, helping the U.S. tire maker reduce its interest-bearing debts to $1.4 billion, from $2.7 billion.

To obtain better financing rates and to focus more on its core business, Firestone reorganized itself into a holding company, Bridgestone/Firestone Americas Holding Inc.



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